This exercise will give you a great tool for your next build that will make getting your budgets done much faster.

Then, the court can enter an order requiring the junior mortgagee to exercise its “right of redemption” within a time certain or otherwise have their right, title, interest, estate or claim eliminated from the property through entry of a final judgment.

I might not sell and still do the rehab, but it's a good exercise to crunch the numbers and compare quick cash vs. rehab profit.  

Brandon, here's a sample of what I built.

But that isn't what I'm seeing for the majority of SDIRA dollars in a very small (1 county) sample set.

you dont want to buy into a bad deal. go through the exercise and then tweak your numbers after you complete a rehab and you will get a feel for what your numbers will look like and be better able to quicly estimate costs and analyze deals faster.

I am conservative in this asset class if U do better that's great but if you are going to be disappointed if you don't hit Ur numbers exactly then you need a contingency line.. just like I do when I build new homes or new subdivisions even though we have firm bids from all subs I put 10k in the contingency line and we use it every time.. stuff happens .. when you close on this.. just take whatever positive cash flow you get and pay down your mortgage.. its not going to be enough to really save up for another down payment take you forever. you want as much equity in these as you can get as soon as you can get that.. so if you did have to sell you have a exit planany way just one persons opinion.. but you can see when you started this exercise you did not know about the city tax.. that's a little gotcha in Memphis..

Do you have a sample of what you’ve done before that you would be willing to share?

Find healthy ways to manage stress, such as exercising, walking, or taking short breaks.

We struggle to come up with fees like this for projects under 500k.It might be a good exercise to attempt to calculate a number of hours you expect to spend on construction administration and put a dollar figure to it.